Written by ForexBrokers.com
In this head to head comparison of Questrade vs Axi, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Questrade and Axi are both well-established online brokers, with Questrade founded in 2000 and Axi in 2007. Neither company is a publicly traded entity nor operates as a bank. In terms of regulatory standings, both brokers hold two Tier-1 licenses, which indicates a high level of trust according to ForexBrokers.com. Questrade does not have any Tier-2 licenses, while Axi holds one. This variation leads to a slight difference in their trust scores, with Questrade earning an 86 and Axi an 82, both within the trusted range.
Choosing between Questrade and Axi may come down to personal preferences and requirements, as both offer strong credibility in the marketplace. Investors can feel confident knowing that both brokers operate under rigorous regulatory standards, underscoring their commitment to maintaining a trustworthy trading environment. Whether you're attracted to Questrade's longer history or Axi's regulatory balance, both brokers stand out as reliable choices for online trading enthusiasts.
| Feature |
Questrade
|
Axi
|
|---|---|---|
| Year Founded | 2000 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing online brokers Questrade and Axi in terms of commissions and fees, there are some noteworthy differences. Questrade's target spread for the EUR/USD pair is 1.9 pips, which is relatively high compared to the industry average. This could result in higher trading costs for those frequently engaging in forex transactions. As a result, Questrade receives a 3-star rating for its commissions and fees from ForexBrokers.com and is ranked #58 out of 63 brokers in this category.
On the other hand, Axi does not provide specific average spread data, making a direct comparison of its spreads challenging. However, Axi's fee structure is generally more favorable, earning it a 4-star rating from ForexBrokers.com. This suggests that Axi offers a more cost-effective trading experience compared to Questrade. In the commissions and fees category, Axi is ranked higher, coming in at #43 out of the 63 brokers evaluated by ForexBrokers.com.
| Feature |
Questrade
|
Axi
|
|---|---|---|
| Minimum Deposit | $250 | $0 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Questrade and Axi, Questrade offers a more extensive range of investment options. With 641 tradeable symbols, including 110 forex pairs, Questrade stands out significantly. It provides access to both U.S. and international exchange-traded securities, allowing investors to buy shares in companies like Apple and Vodafone directly. Additionally, Questrade supports cryptocurrency derivatives, though it does not offer spot cryptocurrency trading or copy trading. This diverse investment lineup has helped Questrade earn a high rating of 5 stars for its range of investments, placing it 11th out of 63 brokers in this category on ForexBrokers.com.
In contrast, Axi offers 175 tradeable symbols with 65 forex pairs, and does not provide access to U.S. or international exchange-traded securities. Axi does, however, support forex trading as both CFDs and spot contracts and offers a cryptocurrency derivative option. Notably, Axi features a copy trading service, allowing users to mirror the trades of experienced investors. Despite these offerings, Axi is rated 3.5 stars for its range of investments and ranks 56th out of 63 brokers in this area, suggesting its investment variety may not meet the needs of more diverse portfolios compared to Questrade.
| Feature |
Questrade
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 641 | 175 |
| Forex Pairs (Total) | 110 | 65 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools of Questrade and Axi, both brokers provide a virtual demo account for simulated trading, allowing users to practice without financial risk. However, Questrade distinguishes itself with its proprietary platform developed in-house, while Axi relies on third-party platforms. Both brokers offer a Windows-based desktop download and a web-based trading platform, making it easy for traders to access their accounts through various means. Axi supports copy trading and offers the popular MetaTrader 4 (MT4) and ZuluTrade, facilitating social trading strategies. In contrast, Questrade does not offer copy trading or MT4 but includes DupliTrade among its features.
Analyzing charting tools, Questrade provides 20 drawing tools compared to Axi's 15, and both brokers support direct trading from stock charts. For watchlists, Questrade delivers a more detailed experience with 52 columns, dwarfing Axi's 7. Despite this, Axi remains a viable option for traders looking to utilize specific platforms like MT4 and ZuluTrade. Regarding overall ratings, Questrade earns a 4-star rating for its trading platforms and tools, while Axi receives a 3.5-star rating. In rankings by ForexBrokers.com, Questrade is positioned at #34, far ahead of Axi's #63 ranking among 63 brokers.
| Feature |
Questrade
|
Axi
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | Yes | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 64 | 30 |
| Charting - Drawing Tools (Total) | 20 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 52 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When considering mobile trading apps, Questrade and Axi both provide supportive features for traders using iPhone and Android devices. Both apps offer stock and forex price alerts, along with the ability to draw trendlines and view charts in multiple time frames - daily, weekly, and intraday. However, Questrade takes the lead with 64 technical studies available for charting, compared to Axi's 30. Furthermore, Questrade excels by providing watchlist syncing, enabling seamless updates between the mobile app and online account, a feature Axi lacks. Questrade also has the advantage of auto-saving chart drawings, offering more convenience and ease of use for frequent traders. Both apps do allow for the creation of watchlists with real-time quotes, meeting baseline trader needs in this aspect.
In terms of overall user experience and satisfaction, Questrade is rated 4 out of 5 stars for its mobile trading app, while Axi holds a slightly lower rating of 3.5 stars. This is further reflected in their rankings by ForexBrokers.com, where Questrade stands at #34, a considerable distance ahead of Axi's #59. These ratings and rankings highlight Questrade’s stronger appeal in terms of mobile trading functionalities and user preference, making it a more favored choice, especially for those who value comprehensive charting tools and seamless account syncs.
| Feature |
Questrade
|
Axi
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing market research capabilities between Questrade and Axi, there are notable differences. Axi shines with its provision of forex news from respected sources like Bloomberg and Reuters, coupled with a sentiment-based trading tool that offers insights on market positions. In contrast, Questrade lacks these offerings but provides strong support with tools from Autochartist and Trading Central, as well as access to TipRanks for in-depth market analysis. Both platforms share features like an economic calendar, aiding users in staying updated with global news events.
Ultimately, Questrade edges ahead in research tools with a rating of 3.5 stars, compared to Axi's 3-star rating. According to ForexBrokers.com, Questrade holds the 51st position in the research category, outperforming Axi, which is ranked 55th. These rankings suggest that while both brokers offer unique strengths, Questrade provides a slight advantage in research due to its diverse analytical resources.
| Feature |
Questrade
|
Axi
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing Questrade and Axi for the educational resources they offer to beginners, both platforms provide a solid foundation in forex and CFDs education. Each broker has over ten educational pieces, including articles, videos, and archives, to guide newcomers. However, Questrade lacks monthly online educational webinars, whereas Axi ensures regular sessions, offering an interactive learning experience. Despite this, Questrade provides a searchable archive of past webinars, which Axi does not. This could be beneficial for those preferring to learn at their own pace.
Both Questrade and Axi cater to beginners with beginner-focused educational videos. However, they both fall short in providing a substantial collection of advanced materials for seasoned traders. A standout feature for Axi is its investor dictionary, which contains definitions of over 50 investing terms, something Questrade lacks. According to reviews, Questrade scores 3.5 stars in education, slightly outperforming Axi, which stands at 3 stars. In terms of rankings by ForexBrokers.com, Axi ranks higher, coming in at #27, while Questrade is positioned at #36 out of 63 brokers, showing a diverse range of strengths and areas for improvement in their educational offerings.
| Feature |
Questrade
|
Axi
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Questrade is better than Axi. Questrade finished with an overall rank of #32, while Axi finished with an overall rank of #49.
Regulated in both the U.S. and Canada, Questrade is a trusted full-service multi-asset broker now offering forex and CFDs alongside its stock trading services for active and passive investors. While its scope of educational resources and in-house research is limited, Questrade has an impressive platform lineup.
| Feature |
Questrade
|
Axi
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 82 |
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While neither Questrade nor Axi allows the purchase of actual delivered cryptocurrency, both platforms support trading cryptocurrency derivatives, offering investors access to digital asset price movements without owning the underlying assets.
When comparing online brokers Questrade and Axi, both do not support ACH or SEPA transfers, nor do they allow transactions via PayPal; however, while Questrade differs by not supporting Skrill, Axi does, and both brokers enable fund deposits and withdrawals through Visa, Mastercard, and bank wires, offering versatile and convenient financial options to users.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Questrade | Axi | |
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| Trust Score | 86 | 82 | |
| Winner | check_circle | ||
| Review | Questrade Review |
| Broker Screenshots | Questrade | Axi | |
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| Regulation | Questrade | Axi | |
|---|---|---|---|
| Trust Score | 86 | 82 | |
| Year Founded | 2000 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Questrade | Axi | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | Questrade | Axi | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Questrade | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 641 | 175 | |
| Forex Pairs (Total) | 110 | 65 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Questrade | Axi | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | Questrade | Axi | |
|---|---|---|---|
| Minimum Deposit | $250 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Questrade | Axi | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Questrade | Axi | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 52 | 7 | |
| Charting - Indicators / Studies (Total) | 64 | 30 | |
| Charting - Drawing Tools (Total) | 20 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Questrade | Axi | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 64 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | Questrade | Axi | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Questrade | Axi | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | Questrade | Axi | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Questrade Review |
| Overall | Questrade | Axi | |
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| Trust Score | 86 | 82 | |
| Winner | check_circle | ||
| Review | Questrade Review |
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